Market Report |

Tel Aviv Stock Exchange Closes Unchanged

At a paltry NIS 611 million, total turnover was about half the daily average for the year, as many exchanges closed for Christmas.

Eran Azran
Eran Azran
Send in e-mailSend in e-mail
Eran Azran
Eran Azran

The Tel Aviv Stock Exchange closed relatively unchanged Wednesday on light turnover, as many of the exchanges around the world were closed for the Christmas holiday.

The blue-chip Tel Aviv-25 Index and the broader Tel Aviv-100 Index closed more or less unchanged, at 1,342 points and 1,211 points respectively. The TA-25 is up 13% for the year, so far, while the TA-100 is up 15.5%. Technology shares were down 0.3% yesterday, while biomed shares were up 0.1% and real estate shares were up 0.2%. Oil and gas shares dropped 0.6%. Total turnover was a paltry 611 million shekels, about half the daily average for the year.

Earlier in the day, exchanges in Asia closed with gains on light turnover. Exchanges in Europe and the Americas were closed for the holiday. Earlier this week, European shares had closed with gains to mark their best pre-Christmas week since 1999.

Notable shares in Tel Aviv included Elbit Medical, which gained 9.8% after announcing yesterday morning that subsidiary Gamida Cell planned to float in New York based on a market cap of 250 to 300 million shekels. Elbit Medical’s parent company, Elbit Imaging, dropped 0.7%.

IDB Holding dropped 1.2%. Israel Security Authority officials said on Tuesday that the company’s buyer, Moti Ben Moshe, seemed to be legit.

Sanlacol gained 11% for no discernable reason.

Summit Real Estate Holdings gained 15%, after announcing earlier this week that it would be buying loans for two asset portfolios in Germany.

The New York Stock Exchange is reflected in a Christmas ornament on a tree in front of the building. Credit: Reuters

Click the alert icon to follow topics:

Comments

SUBSCRIBERS JOIN THE CONVERSATION FASTER

Automatic approval of subscriber comments.
From $1 for the first month

Already signed up? LOG IN

ICYMI

The Orion nebula, photographed in 2009 by the Spitzer Telescope.

What if the Big Bang Never Actually Happened?

Relatives mourn during the funeral of four teenage Palestinians from the Nijm family killed by an errant rocket in Jabalya in the northern Gaza Strip, August 7.

Why Palestinian Islamic Jihad Rockets Kill So Many Palestinians

בן גוריון

'Strangers in My House': Letters Expelled Palestinian Sent Ben-Gurion in 1948, Revealed

AIPAC

AIPAC vs. American Jews: The Toxic Victories of the 'pro-Israel' Lobby

Bosnian Foreign Minister Bisera Turkovic speaks during a press conference in Sarajevo, Bosnia in May.

‘This Is Crazy’: Israeli Embassy Memo Stirs Political Storm in the Balkans

Hamas militants take part in a military parade in Gaza.

Israel Rewards Hamas for Its Restraint During Gaza Op